Originally Posted by bluto

Has anyone opened up an American Express High-Yield Savings account with a recently advertised APY of 1.30%? I am curious if making a large deposit (six figures) to an Amex savings account would get Amex to increase my card limits. Has anyone opened up an Amex savings account and then observed changes to their card limits?

I have several Amex cards. Unfortunately, the limits on some of these are too low to be useful, even though I like the rewards and would use it otherwise. I have requested credit limit increases but this is maddeningly slow, and I seem to have requested enough of these increases that I am now on their double secret probation list for the next 6 months. I have enough taxable income each year to warrant higher limits but much of my income is variable so I suspect that is one reason why some of the limits are unreasonably low. I am considering opening up an Amex savings account because (1) 1.30% is a decent rate and (2) maybe it will help with my credit card limit problem.